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Exam 2 - Acc 3301
Chapters 17 & 18
| Question | Answer |
|---|---|
| Held-to-maturity | debt securities that the co. has the positive intent and ability to hold to maturity. |
| Trading | debt securities bought and held primarily for sale in the near term....less than 1 year. |
| Available for sale | debt securities not classified as held-to-maturity or trading securities. |